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REGISTERED NUMBER: 02402975 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

MOOR STORAGE LIMITED

MOOR STORAGE LIMITED (REGISTERED NUMBER: 02402975)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MOOR STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: M W Plant
Mrs P L Plant





SECRETARY: M W Plant





REGISTERED OFFICE: Level 2
Cranham House
136 High Street
Stourbridge
DY8 4BU





REGISTERED NUMBER: 02402975 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

MOOR STORAGE LIMITED (REGISTERED NUMBER: 02402975)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,487 51,655

CURRENT ASSETS
Stocks 45,031 13,203
Debtors 5 156,240 245,587
Prepayments and accrued income 9,866 8,755
Cash at bank 9,625 63,228
220,762 330,773
CREDITORS
Amounts falling due within one year 6 232,759 334,958
NET CURRENT LIABILITIES (11,997 ) (4,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,490

47,470

CREDITORS
Amounts falling due after more than one
year

7

(18,379

)

(33,407

)

PROVISIONS FOR LIABILITIES (4,650 ) (5,700 )
NET ASSETS 11,461 8,363

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 11,358 8,260
SHAREHOLDERS' FUNDS 11,461 8,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MOOR STORAGE LIMITED (REGISTERED NUMBER: 02402975)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:





M W Plant - Director


MOOR STORAGE LIMITED (REGISTERED NUMBER: 02402975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Moor Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures, fittings and office equipment - 15% on reducing balance - 33 1/3 on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MOOR STORAGE LIMITED (REGISTERED NUMBER: 02402975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Plant and office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 16,385 128,338 74,765 31,814 251,302
Additions - 7,707 - - 7,707
At 31 August 2023 16,385 136,045 74,765 31,814 259,009
DEPRECIATION
At 1 September 2022 12,575 116,010 40,255 30,807 199,647
Charge for year 633 3,005 8,627 610 12,875
At 31 August 2023 13,208 119,015 48,882 31,417 212,522
NET BOOK VALUE
At 31 August 2023 3,177 17,030 25,883 397 46,487
At 31 August 2022 3,810 12,328 34,510 1,007 51,655

MOOR STORAGE LIMITED (REGISTERED NUMBER: 02402975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 21,113
Transfer to ownership (21,113 )
At 31 August 2023 -
DEPRECIATION
At 1 September 2022 9,237
Charge for year 2,969
Transfer to ownership (12,206 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 11,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 154,140 243,487
Other debtors 2,100 2,100
156,240 245,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 7,612
Trade creditors 150,716 266,360
Taxation and social security 40,687 23,874
Other creditors 31,356 27,112
232,759 334,958

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,379 28,333
Hire purchase contracts - 5,074
18,379 33,407

MOOR STORAGE LIMITED (REGISTERED NUMBER: 02402975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 12,686

Hire purchase contract are secured over motor vehicles.